Filing Details
- Accession Number:
- 0001667482-24-000003
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-06-25 18:54:46
- Reporting Period:
- 2024-06-21
- Accepted Time:
- 2024-06-25 18:54:46
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
719413 | Hecla Mining Co | HL | Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400) | 770664171 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1667482 | Denis Robert Brown | 6500 N Mineral Dr Suite 200 Coeur D Alene ID 83815 | Vp - Corp. Develop & Sustain. | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2024-06-25 | 24,792 | $4.91 | 607,649 | No | 4 | S | Direct | |
Common Stock | Acquisiton | 2024-06-21 | 60,479 | $5.17 | 607,649 | No | 4 | A | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | A | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Performance rights | Acquisiton | 2024-06-21 | 60,479 | $0.00 | 60,479 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
607,649 | 2027-01-01 | 2027-01-01 | No | 4 | A | Direct |
Footnotes
- Mr. Brown was awarded (i) 20,305 restricted stock units on June 21, 2021, (ii) 38,374 restricted stock units on June 21, 2022, and (iii) 37,030 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (31,903 shares). To cover his tax liability, Hecla Mining Company sold 24,792 shares.
- Consists of 398,205 shares held directly, 111,488 performance-based shares; and 97,956 unvested restricted stock units.
- Award of restricted stock units that vest as follows: 20,159 shares on June 21, 2025, 20,160 shares on June 21, 2026, and 20,160 shares on June 21, 2027.
- See footnote 2
- Mr. Brown was awarded performance rights representing the contingent right to receive between $78,169 and $625,350 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2024 to December 21, 2026) relative to our peers. Examples of the potential grant of shares to Mr. Brown under this plan are as follows: 100th percentile potential grant of shares = maximum award at 200% of target ($625,350 in stock); 50th percentile rank among peers = target award at grant value ($312,675 in stock); and 25th percentile rank among peers = threshold award at 25% of target ($78,169 in stock).
- See footnote 2.